Vidli Restaurants is planning to open food joints across Maharashtra

20Jan

January 20, 2016

Company : Vidli Restaurants

Location : Maharashtra

Status: Planning Stage

Vidli Restaurants is planning to open 8 food joints across Maharashtra. The company has floated IPO. The company currently runs 39 chain of restaurants (company operated/ franchisee operated) in Maharashtra, Rajasthan, Gujarat, Uttar Pradesh and Madhya Pradesh. Out of the total investment of Rs. 10.4 million, the company intends to utilize a sum of Rs. 10.3 million out of issue proceeds for setting up the new food joint/ outlets. Rs. 0.1 million has already been deployed through internal accruals, for establishing company-operated 8 new food joints in malls. The premises are planned to be taken on lease or on leave and license basis. The outlets will come up at :